Patna : In a significant development, gold prices in Bihar have reached an all-time high, with the precious metal nearing Rs 1 lakh per 10 grams as of Wednesday, April 16. This surge reflects the growing global demand for gold, which has experienced a sharp rise in recent months.
On Wednesday, prices crossed Rs 94,900 per 10 grams in local markets, reflecting a steady increase in value. Meanwhile, international gold prices hit an unprecedented $3,308 per ounce earlier in the day, continuing an upward trajectory that has resulted in gains of more than 2% today. So far in 2025, gold has surged nearly 25%, with experts predicting further growth as geopolitical tensions and economic uncertainties continue to drive investor interest in the metal.
In a notable development, former US President Donald Trump urged China to reopen trade negotiations on Tuesday, following Beijing’s decision to halt further deliveries of Boeing jets. This escalation in trade tensions has added to the ongoing global economic uncertainty, which has contributed to the rise in gold prices as investors seek safer assets.
Leading financial institutions in Bihar remain optimistic about gold’s outlook for the remainder of the year. Experts suggest that the increasing demand for gold-backed exchange-traded funds (ETFs) and central banks’ continued accumulation of the metal indicate a strong market moving forward.
